After a six-year legal fight, Prince’s estate has finally been resolved. The late singer’s $156 million estate was not left in a will.
According to court records, Prince Oat Holdings LLC is controlled by the music publishing company Primary Wave and is made up of three different entities owned by Primary Wave as well as interests formerly held by Tyka Nelson, Omarr Baker, and Alfred Jackson.
The bank designated by the court to manage the estate’s affairs throughout litigation is also stated in the filings.
To cover the costs and expenditures related to liquidating the estate, “including the preparation of tax returns, professional fees, expenses and any awards entered in pending litigation involving the Estate,” Comerica Bank & Trust will get $3 million. Prince Oat Holdings LLC and Prince Legacy LLC will share any leftovers.
Who inherited Prince’s money?
His six half-siblings were designated as his legal heirs after the singer passed away in 2016. The Minnesota First Judicial District has now mandated that the money in Prince’s estate be divided equally between Prince Legacy LLC and Prince OAT Holdings LLC, according to a copy of court records that CNN has seen.
Three of Prince’s half-siblings, Sharon Nelson, John Nelson, and Norrine Nelson, used to own shares in Prince Legacy LLC.
